Advanzeon Solutions, Inc. Expands Its Role With Nevada Health CO-OP

TAMPA, Fla., Feb. 25, 2015 /PRNewswire/ -- Advanzeon Solutions, Inc. (OTC:BB:CHCR) ("Advanzeon" or the "Company"), which provides behavioral health, substance abuse and pharmacy management services, as well as sleep apnea programs, to employers, Taft-Hartley health and welfare funds and managed care companies throughout the U.S. is pleased to announce that effective January 1, 2015, it entered into a Memorandum of Understanding ("MOU") for Procurement of Services with Nevada Health CO-OP ("NHC").  The MOU provides that Advanzeon will continue to provide services that it previously provided to NHC.  Advanzeon had been providing its behavioral health services to NHC primarily in the southern Nevada/Las Vegas region. 

The MOU contemplates the parties entering into a more formal Provider Services Agreement (the "Agreement") within the next ninety days covering what is commonly known as the Northern Frontier of the State of Nevada; an area not previously serviced by Advanzeon for NHC.  Advanzeon further announced that, as part and parcel of the contemplated Agreement, it anticipates discussing with NHC various additional components of Advanzeon's programs that it believes will be advantageous for NHC to adopt.

Mark Heidt, President of Advanzeon Solutions, Inc., stated, "We are extremely pleased at being selected by Nevada Health CO-OP to service their population in the Nevada Northern Frontier.  We believe this to be a direct result of the exemplary services that we provided to their members over the past year in the southern regions of Nevada.  We also believe it reflects extremely well on our staff's dedication to provide superior services to our members in general."

Dr. Nicole Flora, Nevada Health CO-OP's Medical Director, stated, "We are extremely pleased with our relationship with Advanzeon Solutions, and we truly believe that their staff's dedication to our membership delivers the quality of service that we demand for all of our members on a 24/7 basis.  We are delighted to work with Advanzeon in this expanded program."

About Nevada Health CO-OP
Nevada Health CO-OP is one of the co-ops funded on May 18, 2012, as a result of the Affordable Care Act. Through a loan from the Department of Health and Human Services, we established a consumer-oriented and -operated (CO-OP) health insurance company in Nevada. Today, we are focused on providing affordable health insurance plans for individuals and families throughout the state. As a local co-op, we are a member-controlled and -operated organization.

About Advanzeon Solutions, Inc.
Established in 1969, Advanzeon provides behavioral health, substance abuse and pharmacy management services, as well as sleep apnea programs, for employers, Taft-Hartley health and welfare Funds, and managed care companies throughout the United States.  Headquartered in Tampa, Florida, the Company focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches that address both the specific needs of clients and changing healthcare industry demands.  For more information, please call 813-288-4808 or visit our website at www.advanzeon.com

Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the current beliefs and expectations of the Company's management, reflect numerous assumptions, and are subject to significant risks and uncertainties, many of which are beyond the Company's control.  If any of these underlying beliefs, expectations or assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

These risk factors include, among others, the ability of the Company to maximize its market share with new pharmacy initiatives, the ability of the Company's new pharmacy cost-savings program to guarantee a 10% or more reduction in pharmacy costs, our ability to achieve expected results from new business and to revolutionize the pharmacy sector of the healthcare industry, the ability to obtain a performance bond on satisfactory terms, the ability of the Company's pharmacy program to promote greater medication adherence without restricting access to needed medications, technological advances, challenges in development of new products and services, new products and services developed by competitors, the Company's ability to provide superior patient care while increasing its business and margins as a result of implementing its pharmacy cost-savings program, general industry conditions and competition, general economic factors, global trends toward health care cost containment, the effect of governmental regulation, including pharmaceutical industry regulation, insurance regulation and health care legislation, varying trends in member pharmacy utilization, increases or variations in cost of care, seasonality, our ability to manage healthcare operating expenses, the profitability (if any) from capitated pharmacy contracts or other products, and the Company's ability to obtain additional financing.

Advanzeon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additional risk factors that could cause results to differ materially from those described in the forward-looking statements can be found in the Company's most recent Annual Report on Form 10-K and the Company's other filings with the Securities and Exchange Commission (SEC), which are available at the SEC's website at www.sec.gov. 

SOURCE Advanzeon Solutions, Inc.

Related Links

http://www.advanzeon.com